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Mortgage Market Update
My Mortgage Company
MortgageCon
Tuesday, October 20, 2026
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Your mortgage type matters more than you think |
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There are real differences between the loans out there—and picking the right one can change your whole financial picture. Here's what you need to know.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.28%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Loan Programs
Not all mortgages work the same way
One of the biggest surprises I see is borrowers who didn't realize their loan had options. A 15-year mortgage builds equity faster but carries a higher monthly payment. A 30-year gives you breathing room month to month. Adjustable-rate mortgages can start lower but change over time. Fixed rates stay the same for the life of the loan. Government-backed programs like FHA, VA, or USDA have different rules and benefits than conventional loans. The right choice depends entirely on your timeline, budget, and comfort level—not on what worked for your neighbor. I'd love to walk you through what makes sense for where you are right now. Let's talk about which loan program fits your goals best.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
MortgageCon
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